Timeline Difficult for India-EU Free Trade Pact: Sharma


New Delhi, May 25 (PTI) Indicating that differences persists between India and European Union over their proposed free trade agreement, Commerce and Industry Minister Anand Sharma said even the "best of astrologers would not know" about the timeline.

He only expressed hope that it would be concluded "very soon".

India is in talks with the EU, its biggest trading partner, since 2007 for liberalising their commerce in goods, services and investment through an FTA.

The FTA would involve slashing of duties on over 90 per cent of the trade and opening of the mutual markets for services and investment.

The two sides with trade of USD 75 billion (2009-10), had earlier vowed to conclude the negotiations within 2011.

The Trade and Economic Relations Committee (TERC),headed by Prime Minister Manmohan Singh recently reviewed the progress of the talks and is likely to meet again soon.

  

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Title: Timeline Difficult for India-EU Free Trade Pact: Sharma



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